Gobo-Shi Land average value

Price 6,817,843 JPY
  (20,796 JPY/sq.m)
- Dist. from Sta. 19.5 min walk
- Property area 390.4 sq.m

The average price of a sq.m Land of Wakayama Gobo-Shi, in 2017 was 9,039 JPY/sq.m. The market value represents a decrease of 6,317 JPY (-41.1%) compared to 1 year ago and a transition to a dramatic market. 4 properties exchanged hands ( The market value represents a decrease of 11 (-73.3%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 197.5 sq.m (a -56.8% decrease compared to the 457.7 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station.

Cause of price increases

  • A dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 6.7% of total transactions in 2016 and 25.0% of total transactions in 2017)

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 19.1 min in 2016 and 28.2 min in 2017; +47.6%)
Data regarding the market value and its changes of Land in Gobo-Shi were calculated using data on the sales of 241 properties provided by the MLIT Japan.

Gobo-Shi Land market value list

AreaAverage Trading PriceAverage Unit Price
湯川町18,807,368 JPY48,264 JPY/sq.m
11,170,408 JPY42,998 JPY/sq.m
藤田町8,430,000 JPY25,257 JPY/sq.m
10,947,368 JPY31,631 JPY/sq.m
塩屋町6,454,444 JPY22,282 JPY/sq.m
野口6,975,000 JPY21,637 JPY/sq.m
名田町6,841,667 JPY20,566 JPY/sq.m
熊野5,440,000 JPY22,344 JPY/sq.m
御坊3,344,286 JPY18,083 JPY/sq.m
岩内4,575,000 JPY11,180 JPY/sq.m
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Land value Distance From The Station transition

Market values (unit price: sq.m, m2) in terms of Distance From The Station, is as follow.

The orange line means market values (unit price: sq.m) for Land in terms of Distance From The Station. The orange line changes on the basis of distance from the train station and area of the property (* For example , if the distance from the station is far, the lower the unit price.).

The dots means trading data. When you mouseover or touch the dot, details of the trading data is displayed. You can color (classify) the dots on the basis of the property area, distance from the stations, or the property price, etc.

(* You can scroll and zoom with pinch in the mobile environment.)
(* When you double-click, the value of Distance From The Station is updated.)
{{(expShow==true) ? 'Close' : 'Show all'}}
Color:

Unit:
Property Details:
{{infoObj.place}} {{infoObj.stations[0]}} {{infoObj.station_distance}} min walk)
Trading Price:   {{infoObj.price|number:0}} JPY,    Unit Price:   {{infoObj.unit_price|number:0}} JPY/sq.m
{{infoObj.days_elapsed|days_year}} years old , Area: {{infoObj.dimension}} sq.m , Total floor area: {{infoObj.dimension_all}} sq.m , Layout: {{infoObj.floor_plan}} , Structure: {{infoObj.structure}}
- Trading date: {{infoObj.trade_date|date:'MMMM, yyyy'}}

When you change the slider, the unit price will change.

Age of a building Property area Total floor area Distance from the station




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Calculate Gobo-Shi Land market value

We can calculate market values for Land based on their age, area, and distance from a train station.

Age
years old
Area
sq.m
Total floor space
sq.m
Distance from the station
min walk

Market values for Wakayama Gobo-Shi Land that meet the above conditions were calculated in the following manner.

{{currentObj|applyRegCalculatePrecise:averageObj:coefObj:true:true}}
({{unit_price|number:0}} JPY/sq.m)

The assumed transaction price, not including agency commissions, taxes, etc.

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Trading data in Gobo-Shi

Past Land sales data, with similarly entered ages, area, and distances from station are as follows.

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{{item.days_elapsed|days_year}} years old , Area: {{item.dimension}} sq.m , Total floor area: {{item.dimension_all}} sq.m , Layout: {{item.floor_plan}} , Structure: {{item.structure}}
- Trading date: {{item.trade_date|date:'MMMM, yyyy'}}
Trading price:   {{item.price|number:0}} JPY,    Unit price:   {{item.unit_price|number:0}} JPY/sq.m

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Land market value trends

Market value trends for Land are as follows.

Data:

Unit:

Breakdown of each segment

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station.

Cause of price increases

  • A dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 6.7% of total transactions in 2016 and 25.0% of total transactions in 2017)

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 19.1 min in 2016 and 28.2 min in 2017; +47.6%)
The table below shows Land dealt in Wakayama Gobo-Shi, in age, distance from station, and area segments. For example, we can see market trends, such as which transactions have increased more in recent years, those for newer properties, or older ones.

Segment:

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Area close to the price in Gobo-Shi

The closest areas in terms of Land price ranges to this area are ones like the following that are along a railway line and have a station.

Area / Station Median
Price
JPY
Unit price
JPY/sq.m
Age
Years old
Distance
min walk
Area
Hashimoto-Shi 高野口町小田 (15) [Area]6,700,00021,798 yrs18 min450 sq.m
Yura-Cho 大字里 (10) [Area]6,750,00018,513 yrs21 min360 sq.m
Katsuragi-Cho 大字萩原 (5) [Area]6,000,00023,170 yrs19 min410 sq.m
Kinokawa-Shi 貴志川町岸宮 (22) [Area]4,650,00017,695 yrs19 min315 sq.m
Arida-Shi (172) [Area]6,700,00016,826 yrs20 min330 sq.m
JR Kisei Main Line Kiimiyahara (60) [Stations]7,250,00019,578 yrs19 min340 sq.m
JR Wakayama Line Uchita (162) [Stations]6,900,00017,857 yrs18 min330 sq.m
JR Wakayama Line Kiinagata (30) [Stations]4,750,00016,666 yrs20 min430 sq.m
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